Alps Advisors Inc. Purchases 223,487 Shares of Antero Midstream Corporation (NYSE:AM)

Alps Advisors Inc. grew its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,228,566 shares of the pipeline company's stock after buying an additional 223,487 shares during the quarter. Alps Advisors Inc. owned approximately 0.26% of Antero Midstream worth $22,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AM. Allspring Global Investments Holdings LLC acquired a new stake in Antero Midstream in the 1st quarter worth approximately $529,000. Sequoia Financial Advisors LLC lifted its holdings in Antero Midstream by 6.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company's stock worth $289,000 after purchasing an additional 975 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Antero Midstream in the 1st quarter worth approximately $459,000. Diversified Trust Co acquired a new stake in Antero Midstream in the 1st quarter worth approximately $495,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Antero Midstream by 102.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company's stock worth $852,000 after purchasing an additional 23,922 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AM shares. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley restated an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.

Antero Midstream Stock Performance

NYSE AM traded up $0.00 during trading on Friday, hitting $17.44. The company's stock had a trading volume of 1,543,371 shares, compared to its average volume of 2,980,580. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average price of $18.36 and a 200 day moving average price of $17.16. The firm has a market cap of $8.36 billion, a P/E ratio of 20.05 and a beta of 1.01. Antero Midstream Corporation has a 52 week low of $13.12 and a 52 week high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Equities research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.16%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's dividend payout ratio is currently 103.45%.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, the director directly owned 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.